Pengrowth Energy To Buy NAL Energy
Pengrowth Energy Corp (NYSE: PGH) announced its plans to buy NAL Energy Corp (OTC: NOIGF) for around C$8.56 per share in stock.
Under the terms of the deal, NAL shareholders will receive 0.86 of a PGH share for each NAL share. The offer price represents 9.7% premium over NAL's closing price of C$7.80 per share on Thursday.
PGH shares closed at $9.91 yesterday.
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